MALAYSIA'S Kuala Lumpur Composite Index rose for a fourth day, gaining 1.94, or 0.2 per cent, to close at 907.01, the highest level since February 16.
The index added 2.4 per cent this week, the third straight weekly gain.
In the market, 938 million shares changed hands, more than double the three-month daily average of 420 million shares.
Today’s volume is the highest since November 11. April index futures dropped 0.3 per cent to 910.
AirAsia Bhd advanced 1.5 percent to 99.5 sen, the highest level since December 2.
AirAsia X, the long-haul unit of Southeast Asia’s biggest discount carrier, is considering an initial public offer or a private share placement to raise funds for future aircraft purchases, the Star reported, citing Chief Executive Officer Azran Osman Rani.
The carrier is confident of posting a profit of between RM150 million (US$42 million) and RM200 million this year on revenue of about RM1 billion, the report said.
Boustead Holdings Bhd rose 1.8 per cent to RM3.48, the highest level since January 7.
The Malaysian property and oil palm plantations company plans to sell assets, including land, valued at between RM500 million
and RM600 million this year, the Malaysian Insider Web site reported, citing Managing Director Lodin Wok Kamaruddin. Lodin couldn’t be reached for immediate comment.
Gamuda Bhd, Malaysia’s second-largest builder, jumped 4.9 per cent to RM2.34, the highest close since September 22, making it the third-best performer on the benchmark Composite Index. The company had its stock rating raised to “buy” from “neutral” by UBS AG.
Oilcorp Bhd jumped 18 per cent to 26 sen, the highest level since February 18.
The oil and gas engineering services provider said it received a RM64 million contract from Carigali-PTTEPI Operating Company Sdn Bhd to build an offshore platform in the Malaysia-Thailand Joint Development Area.
SapuraCrest Petroleum Bhd, an oil and gas services provider, surged 4.5 per cent to 82 sen, the highest level since January 14.
The company had its stock rating raised to “outperform” from “market perform” by RHB Research Institute Sdn Bhd, saying longer-term prospects are “bright” because of a RM6.2 billion
order book. The target price was increased to 94 sen from 82 sen, RHB said in a report today. - Bloomberg
The index added 2.4 per cent this week, the third straight weekly gain.
In the market, 938 million shares changed hands, more than double the three-month daily average of 420 million shares.
Today’s volume is the highest since November 11. April index futures dropped 0.3 per cent to 910.
AirAsia Bhd advanced 1.5 percent to 99.5 sen, the highest level since December 2.
AirAsia X, the long-haul unit of Southeast Asia’s biggest discount carrier, is considering an initial public offer or a private share placement to raise funds for future aircraft purchases, the Star reported, citing Chief Executive Officer Azran Osman Rani.
The carrier is confident of posting a profit of between RM150 million (US$42 million) and RM200 million this year on revenue of about RM1 billion, the report said.
Boustead Holdings Bhd rose 1.8 per cent to RM3.48, the highest level since January 7.
The Malaysian property and oil palm plantations company plans to sell assets, including land, valued at between RM500 million
and RM600 million this year, the Malaysian Insider Web site reported, citing Managing Director Lodin Wok Kamaruddin. Lodin couldn’t be reached for immediate comment.
Gamuda Bhd, Malaysia’s second-largest builder, jumped 4.9 per cent to RM2.34, the highest close since September 22, making it the third-best performer on the benchmark Composite Index. The company had its stock rating raised to “buy” from “neutral” by UBS AG.
Oilcorp Bhd jumped 18 per cent to 26 sen, the highest level since February 18.
The oil and gas engineering services provider said it received a RM64 million contract from Carigali-PTTEPI Operating Company Sdn Bhd to build an offshore platform in the Malaysia-Thailand Joint Development Area.
SapuraCrest Petroleum Bhd, an oil and gas services provider, surged 4.5 per cent to 82 sen, the highest level since January 14.
The company had its stock rating raised to “outperform” from “market perform” by RHB Research Institute Sdn Bhd, saying longer-term prospects are “bright” because of a RM6.2 billion
order book. The target price was increased to 94 sen from 82 sen, RHB said in a report today. - Bloomberg
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